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Torrens Mining (ASX:TRN) begins seismic survey at Mt Piper

Mining
ASX:TRN
03 March 2021 14:00 (AEST)

Gold and copper exploration company Torrens Mining (TRN) has begun a passive seismic survey at its Mt Piper Gold Project.

The 1609-square-kilometre Mt Piper Gold Project lies roughly 75 kilometres north of Melbourne and it consists of one exploration licence and five exploration licence applications.

It is situated only 30 kilometres from Kirkland Lake’s (KLA) Fosterville Gold Mine and one kilometre from Mandalay Resources’ Costerfield Gold Mine.

Passive seismic surveying is used to quickly define geological structures, such as faults and shears, which may host gold mineralisation.

The data is collected via a miniature seismometer, which is placed on the ground and left for 20 minutes, while the geologist maps the surrounding geology.

It is non-invasive and measures the natural and ambient seismic vibrations.

Data will be collected at the end of each day and sent to Resource Potentials in Perth for analysis with results expected by early April.

Once received, the results will be used to help Torrens plan drillhole locations and targets for upcoming programs.

In 2019, a passive seismic survey was undertaken at Chalice Mining’s (CHN) Pyramid Hill Gold Project to characterise the depth to the basement.

This survey successfully defined the bedrock and several geological structures.

“The use of passive seismic in gold exploration is a relatively new technique, but we’re excited to employ it at Mt Piper given the success Chalice Mining had at their Pyramid Hill Gold Project,” Managing Director Steve Shedden said.

“This non-invasive geophysical technique is expected to greatly improve Torrens’ understanding of the basement structures and materially assist us in refining our drillhole locations for 2021,” he added.

Torrens is up 3.13 per cent and shares are trading at 16.5 cents at 2:02 pm AEDT.

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